How to Buy a Home

    1. Choose a Realtor ®

    • Interview and find a Full-time, Full-service Ann Arbor Real Estate Professional.
    • Don’t be afraid to ask about Qualifications.
    • Discuss various Agency Relationships – Sign Agency Disclosure before disclosing confidential information.
    • Establish Expectations Regarding Communication.

    2. Determine your Buying Power

    • Before you begin your search, interview several lenders.
    • Obtain a written Pre-Approval letter for a loan.

    3. Finding the Right Homes

    • Communicate your wants and needs with your Ann Arbor Real Estate Professional.
    • Carefully consider these three basic elements of home search:
      • Location.
      • Price.
      • Property Type.
    • Begin your search – Online.
    • Select properties for Home Tours.
    • Make your final choice.

    4. Writing a Purchase Agreement

    • Review comparable sales to determine an offer price.
    • Sign sales documents – your Buyers Agent will submit them to Seller’s Agent for presentation to Seller.
    • Deposit earnest money.
    • Negotiations begin – offers must be in writing.
    • Sign final accepted sales contract.
    • Attorney review of final sales documents.

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